HIVE - Aerohive Networks Has A Sales Problem
If it wasn't before, Aerohive Networks (HIVE) now officially is a serial disappointer. The networking company's products, particularly its access points, seem at worst competitive and at best industry-leading. Yet the company has shown no ability to consistently compete in its markets - while recurring execution issues seem to undercut every rally.
The most recent disappointment came in April, when Aerohive released preliminary first quarter results that came in well below guidance given after Q4. Those results undercut the optimism following a second half of 2018 when sales had grown (albeit not quite